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The Blockchain Story

Crypto Lately : What's Happening?

  • By The Blockchain Story
  • Tue, 02 Apr 2019 00:00:00 AM
  • 1 comments
  • 2

1. Bitcoin Smashes Resistance and Jumps Above $5k in $18 Billion Crypto Market Pump

The price of bitcoin, shot up 17 percent within 30 minutes on Tuesday to reach close to $5,000 for the first time since 2018. Trading volumes have surged as well, as per data from CoinMarketCap.

2. Coinbase Expands Into Cross Border Payments with XRP and USDC

Coinbase, the San Francisco-based cryptocurrency exchange, appears to have launched a new payments service for users to "send money internationally for free."

As the firm’s website explains:

“You can now send money to any user with a Coinbase account around the world using XRP or USDC. By using cryptocurrencies that are optimized for cross-border transmission, you can send and receive money virtually instantly by sending those cryptocurrencies and having the recipient convert them into local currency.”

3XRP Exchange-Traded Product Goes Live on Swiss SIX Exchange

An exchange-traded product (ETP) tracking the price of the XRP cryptocurrency has gone live on Switzerland’s primary stock exchange SIX. Amun AG, the maker of the product, announced the news on Tuesday, saying that the XRP ETP had started trading on the exchange under the ticker symbol AXRP.

4. Pakistan Plans Cryptocurreny Regulations, Licensing Scheme for Crypto Firms

The Express Tribune, citing finance ministry sources, reported Monday that the nation’s federal government has decided to bring in Electronic Money Institutions (EMIs) regulations following recommendations from the Financial Action Task Force (FATF).

“These regulations will help combating money laundering and terrorism financing while it will also help regulation of digital currency throughout the country,” 

5. The U.S. Securities and Exchange Commission is hiring a crypto specialist

The U.S. Securities and Exchange Commission is looking for a crypto specialist attorney advisor, according to a job posting. The crypto specialist will earn between $144,850 and $238,787 per year, and they will be responsible for coordinating the Division of Trading and Market's activities in regards to crypto and digital asset securities.

 

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